Thoma Bravo Has Agreed To Acquire TravelClick From Genstar Capital

Thoma Bravo to Acquire TravelClick

TravelClick to continue innovation in global hospitality industry to improve profitability for hoteliers

Thoma Bravo, LLC, a leading private equity investment firm, announced that it has entered into an agreement to acquire TravelClick, a global provider of innovative revenue generating cloud-based solutions for the $500 billion global hospitality industry. Thoma Bravo has agreed to acquire TravelClick from Genstar Capital for $930 million. The transaction is expected to close in the second quarter of 2014.

“The acquisition of TravelClick is consistent with Thoma Bravo’s strategy of investing in market leading companies with significant recurring revenue streams,” said Holden Spaht, managing partner at Thoma Bravo. “Larry Kutscher and his team have established an impressive track record of growing TravelClick rapidly and expanding the Company’s services to its customers. We look forward to working with them to continue building on TravelClick’s position as the largest pure play provider of revenue enhancing technology to the hotel industry.”

TravelClick provides innovative, cloud-based solutions for hotels around the globe that increase revenue, reduce cost, improve performance and create a strong brand. The Company's suite of products and services include: Reservations Solutions, Business Intelligence Solutions, Media Solutions, Web Solutions, and Guest Management, and are designed to integrate seamlessly with one another to comprehensively address the needs of hoteliers. TravelClick’s network of local market hotel experts, based around the world, work directly with hoteliers to deliver the right technology platforms to optimize hotel performance.

“TravelClick has experienced phenomenal growth over the last several years, and we look forward to working closely with the Thoma Bravo team to help facilitate our continued trajectory,” said Larry Kutscher, CEO of TravelClick. “We have been focused on providing our customers with the best in technology services, data analytics and customer support, and are confident this partnership will only increase our ability to serve our 37,000 hotel clients around the world. Empowering hotels from large brands and chains to individual properties to better manage their inventory and to drive bookings is at the core of our business."

“The hospitality technology market is becoming increasingly dynamic and complex, with customers requiring better analytical and revenue-enhancing tools,” said A.J. Rohde, principal at Thoma Bravo. “As global hotel providers look to maximize revenue per available room, TravelClick’s integrated suite of software, data, and marketing services is well poised to meet these needs, and we plan to support continued innovation to the highest degree.”

Kirkland & Ellis LLP served as legal advisor and Credit Suisse served as financial advisor to Thoma Bravo. Evercore acted as exclusive financial advisor to Genstar and TravelClick, and Ropes & Gray acted as legal advisor.

About TravelClick, Inc. TravelClick (TravelClick.com) provides innovative cloud-based solutions for hotels around the globe to grow their revenue reduce costs and improve performance. TravelClick offers hotels world-class reservation solutions, business intelligence products and comprehensive media and marketing solutions to help hotels grow their business. With local experts around the globe, we help more than 37,000 hotel clients in over 150 countries drive profitable room reservations through better revenue management decisions, proven reservation technology and innovative marketing. Since 1999, TravelClick has helped hotels leverage the web to effectively navigate the complex global distribution landscape. TravelClick has offices in New York, Atlanta, Philadelphia, Chicago, Barcelona, Dubai, Hong Kong, Houston, Melbourne, Orlando, Shanghai, Singapore and Tokyo. Follow us on twitter.com/TravelClick and facebook.com/TravelClick.

About Thoma Bravo, LLC Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $4 billion of equity commitments. For more information, visit www.thomabravo.com.